Lessons in finance

A student at a finance conference organised by the Indian Institute of Foreign Trade asked Goldman Sachs MD Bunty Bohra where the world would be if finance stopped being the prime mover for creating products and making profits. Bohra was clearly taken aback by the question but his answer was simple: “You are asking an investment banker this question? The world would come to an end!” To which a Reserve Bank of India Deputy Governor laconically suggested, “Then you can teach finance.”